Principal Solar Appoints Industry Leaders and Innovators to Advisory Board: Erle Nye, James W. Keyes and Jim Young
June 18 2012 - 9:24AM
Business Wire
Principal Solar, Inc (PSI; OTC Pink: PSWW), a
publicly traded solar energy holding company executing a unique
roll-up strategy to create the world's first distributed solar
utility, today announced the appointment of three nationally
recognized business leaders to its Advisory Board: Erle Nye,
chairman emeritus of TXU Corp., one of the most successful electric
utilities in the world; James W. Keyes, chairman of Key Development
LLC and former CEO and chairman of Blockbuster Inc., and former
president and CEO of 7-Eleven; and Jim Young, consultant, speaker
and leadership veteran at EDS for 34+ years.
“We are pleased to welcome these distinguished individuals who
have achieved the highest levels of leadership and respect in their
fields, and will guide PSI to expand its market presence,” says
Michael Gorton, chief executive officer and chairman of PSI. “Their
collective wealth of knowledge, business acumen and strategic
thinking are expected to drive results across the board.”
Prior to becoming chairman emeritus of TXU Corp., Erle Nye
served in a number of key positions at TXU Corp., including
chairman of the Board, CEO and president. In addition, he served as
chairman of the board of the Edison Electric Institute and
co-chaired the CEO Task Force on Critical Infrastructure
Protection. He is past chairman of the Board of Directors of the
Electric Power Research Institute, North American Electric
Reliability Council, the Electric Reliability Council of Texas, and
the Nuclear Energy Institute. Nye was appointed chairman of the
National Infrastructure Advisory Council by President George Bush
in 2008; and served on the Advisory Committee to the President’s
Commission on Critical Infrastructure Protection, and on the U. S.
Department of Energy’s Electric System Reliability Task Force.
Jim Keyes is renowned for his leadership at Blockbuster Inc. and
7-Eleven Inc., where his innovations enabled the company to
experience record sales and profits. In addition, he implemented
new retail systems technology that improved product assortment
decisions in every store and ushered in a new era for 7-Eleven
through the introduction of a host of new electronic services.
Prior to serving as president and CEO, Keyes held a variety of
positions at 7-Eleven, including chief financial officer, executive
vice president and chief operating officer. Keyes retired from
7-Eleven upon the sale of the company in 2005. Previously, he
worked for Gulf Oil, and in 1985 joined CITGO Petroleum, which was
then a subsidiary of 7-Eleven Inc.
Jim Young served as chairman of Teleportec, providers of
advanced video conferencing. In 1965 Mr. Young joined EDS, one
of the nation’s largest multinational information technology
equipment and services companies, where he served as a systems
engineer, worked in sales and marketing, and managed corporate
communications and strategic planning. At EDS, he is recognized for
leading numerous special projects for the corporation, including
the JASON Project, the world’s premier distance learning
program.
About Principal Solar
Principal Solar, Inc (PSI; OTC Pink: PSWW), is a publicly traded
solar energy holding company executing a unique roll-up strategy to
create the world's first distributed solar utility. PSI
concentrates its resources on the acquisition, finance,
development and management of solar power companies. The Principal
Solar Institute, an educational organization created by Principal
Solar, Inc., is dedicated to spreading solar knowledge to the
critical stakeholders in the ongoing energy debate. Visit
www.PrincipalSolar.com.
Cautionary Statement Regarding Forward-Looking
Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements."
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors in the solar energy
generating industry (market risk, government regulation,
operational risks, etc.) that could cause the Company's actual
operating results to be materially different from any historical
results or from any future results expressed or implied by such
forward-looking statements. In addition to statements that
explicitly describe these risks and uncertainties, readers are
urged to consider statements that contain terms such as "believes,"
"belief," "expects," "expect," "intends," "intend," "anticipate,"
"anticipates," "plans," "plan," to be uncertain and
forward-looking. The Company does not assume a duty to update these
forward-looking statements, except as required by law.
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